- The NBBL is the wholly-owned subsidiary of the National Payments Corporation of India (NPCI).
- The UPMS aims to boost, enrich and simplify bill payment procedures in India.
- Through UPMS, NBBL will be able to set up standing instructions for its customers. This will happen from any channel and for any mode on their recurring bill payments.
- The bills will be automatically fetched from the biller's end and will be delivered to the customer's end to perform the action. It will be in terms of auto-debit and bill payment management.
- The unique functionality of UPMS will be made available to the customers through centralized infrastructure support which is provided by Bharat Bill Pay Central Units (BBPCU).
- The service providers and fintech dealing in the digital payments ecosystem can avail UPMS facility in the sandbox environment of Bharat Bill Payments System (BBPS).
- Static Part:
- HQ of NBBL: Mumbai
Question:
a. NPCI International Payments Limited (NIPL)
b. Airtel Payments Bank
c. NPCI Bharat BillPay Limited (NBBL)
d. Paytm